Trade

The offer is an oil deal.

Iran wants the blockade lifted and the sanctions on its oil sales waived. The same morning, the Times said Trump is considering a ban on U.S. diesel exports.

The Rocket News · Washington Bureau · New YorkSeptember 25, 2026 · 3 min read

Iran's seven-day offer would waive sanctions on its oil sales and lift the naval blockade.

NEW YORK — The price of Iran's seven-day offer is oil. The Associated Press said Tehran wants Washington to lift the naval blockade and to waive sanctions on Iranian oil sales, then talk about the nuclear program. The June memorandum gave the two sides 60 days. This one gives them a week, and it adds a ceasefire that would cover Lebanon.

On the same Friday, The New York Times reported that President Trump is considering a restriction on U.S. diesel exports, in the hope of bringing domestic prices down. The paper said experts warn the ban would have unintended effects. The Economy desk files both: the foreign barrel Iran wants to sell, and the diesel Washington may stop selling.

Waive the sanctions on Iranian oil sales, and lift the blockade.

Thursday's trade truce with China, extended to January 10, is yesterday's note. Reuters added only that Trump claimed more access for American farmers. That claim is in the lead. The price is here.

Wire and further reading: apnews.com

Filed under Economy

Keep reading

Vessels in the Strait of Hormuz, seen from Musandam, Oman, Oct. 2, 2026. Reuters. It is a file photograph. It is not Wednesday’s trade, and no one is named.

Oil

Brent was $104.36 at 0730 GMT.

Reuters, Wednesday morning: up 76 cents. WTI was $96.72. That is not a New York close. The photograph is Oct. 2, not today’s trade.

Traders on the floor of the New York Stock Exchange, Nov. 2, 2026. Brendan McDermid, Reuters. It is not Tuesday’s Asian print, and no trader is named.

Markets

Brent was $105.19 in Asia. That is not a New York close.

Reuters, Tuesday: Brent was up 0.4 percent at $105.19 in Asian trading after a drop of about 7 percent on Monday. The photograph is the New York Stock Exchange on Nov. 2, not that print.

The U.S. Capitol, framed by fall foliage, Sept. 28, 2026. Kylie Cooper, Reuters. It is not a trading floor, and it is not Sunday’s session. Markets were closed.

The budget

The deficit is still about 6 percent. That count is Friday's.

Reuters, Friday in New York: investors see no fix for a deficit around 6 percent of GDP and a $2 trillion gap, whoever wins Tuesday. The photograph is the Capitol on Sept. 28.